The house always wins. If you play slots, the casino has an edge of up to 15%. That means that, if you put a billion dollars into the slot machines on a given night, you should expect to get back $850,000,000. That is a crappy bet. In American roulette, the edge is 5.26%. In European …
Before I was born, I was an Eisenhower Republican. I didn’t care much about ideology. I supported politicians who were good managers who rewarded competence and punished corruption, a domestic policy that favored growth with a social safety net, and a foreign policy that cultivated alliances with democracies and stood up to dictators. The Republican …
The Dirtlease staff just returned from a literary tour of Ireland. We read to a packed hall at The Printworks, in Dublin Castle. We mansplained to a writer’s group in Crumlin. We partied at Connor McGregor’s pub. We turned down sexual advances from Eve Hewson. We swam in the snotgreen sea at Forty Foot. When …
Three Pillars is an investment fund that is buying up communities on the west coast and in the southeast. Here is a disquisition that one of their founders posted about park management. Pretty much everything to say on the subject, he says well. Disclosure: I have no connection with Three Pillars Communities, their equity owners, …
The other day, while I was driving to the gym, a guy in an Acura cut me off. I rolled down the window and lifted my palm in a WTF gesture. He rolled down his window and gave me the finger. If we were Greek, I would have given him the moutsa. People who tail …
A friend emailed me yesterday about a new rent control regulation that has been passed for manufactured housing communities in unincorporated areas of Sonoma County. The day before, a maiden aunt sent me an article about Maine’s new right-of-first-refusal law for manufactured housing communities. Frank Rolfe sends articles decrying new instances of the regulation of …
Garrison Keillor was badly done by the Me Too movement. He misreads social cues because he is on the autism spectrum. He touched the back of a woman who worked for him once. She did not understand the gesture. Because of that, he was fired from MPR and put in the same bucket as Harvey …
Liebling said, ‘A girl can sleep with one guy but not be called a trollop. I covered one war but I am labelled a war correspondent’. Ten years ago, Frank Rolfe said, ‘Owning a mobile home park is like owning a Waffle House where the customers are chained to their tables.’ Frank is the fifth-largest …
Cert. denied https://therealdeal.com/new-york/2023/10/02/supreme-court-rejects-ny-rent-law-challenge/
In US tax law, a ‘whipsaw’ effect is said to happen when the government gets it coming and going because two or more taxpayers treat a payment inconsistently. For example, if a buyer of a business allocates a portion of the purchase price to a covenant not to compete but the seller does not allocate …